Thread by @wolfejosh

1/ There is no mandate of MORALITY in MARKETS

BUT investors have a choice in what they do

While retail speculators + those egging em on
for playful prank-like bloodsport inciting seige on “Capital”
resentful of short sellers remember a few things...

2/ Remember value investors and short sellers may not be VIRTUOUS but the EFFECT of their activity is MORAL as they seek to give money to those companies allocating it intelligently + take it away from those that are not so it can be redirected for higher + better use...

3/ Just as MOMENTUM investors + SPECULATORS play a MORAL role in providing capital to futuristic companies (MOST of which fail and a FEW which have historic impact) that have no cash flow or profits and cannot get the fuel unless its provided by someone...

4/ When short sellers APPEAR to be spiteful + root for failure—most of the time it is for frauds + fads + shady dishonest or manipulative management, or management making very UNINTENTIONALLY poor or INTENTIONALLY bad decisions with shareholder capital—and criticism is corrective

5/ There is nothing “corrective” nor morally correct of “Wilding” like a rampage to spitefully stick losses to not just to a hedge fund Melvin but the retirees + foundations + non-profits whose money Melvin manages—by intentionally manipulating markets...

6/ This is at a time that 1 in 7 households do not have FOOD SECURITY. I am hopeful that the individuals pillaging intended structural functioning of markets for capital allocation by exploiting side-BETTING markets in options are as philanthropic...
washingtonpost.com/nation/interac…